ValueNotes Healthcare Capsule India – January 2015

EDITOR'S CHOICEIndian government approves key reforms in pharma sectorThe Indian government has approved promulgation of the ordinance to allow 100% FDI in the medical devices sector under the automatic route.The move will encourage FDI inflows into the sector and will help local firms enhance their global competitiveness. As per the estimates, India imports about 70% of its requirement of medical devices. The present industry size stands at around USD 7 billion in the country. Read more >>

HOSPITALS

Apollo Hospitals to build INR 4 bln medical college and hospital in West Bengal’s South 24 ParganasThe Apollo Institute of Medical Sciences and Research will have a capacity of 1,000 beds and will be completed by 2020. The Group has plans for at least five more hospitals across India in the next five years. Read more >>

Andhra Pradesh to release adequate funds for development of government hospitalsKing George Hospital (KGH) will get INR 750 million under the NTR Vaidya Seva scheme. Also, INR 9.1 million has been released for the development of GHMC and INR 4.9 million for the Regional Eye Hospital. Read more >>

Andhra Pradesh to receive super specialty AIIMS hospital at the cost of INR 12 blnINR 5 billion have already been allocated for the 960-bed hospital. The site is located near Mangalagiri in Guntur district. Read more >>

Two cancer hospitals to become operational by end-Jan 2015 in PunjabThe 50-bed Homi Bhabha Cancer Super Specialty Hospital will be located at Sangrur, and the 100-bed Advanced Cancer Treatment and Research Centre (ACTRC) at Bathinda. Necessary clearances for the installation of infrastructure and medical equipment have been obtained from the Department of Atomic Energy. Read more >>

DEALS

Indian fair trade regulator clears USD 4 bln merger between Sun Pharma and RanbaxyHowever, the Competition Commission of India (CCI) added the condition that both the companies would have to divest seven key products. Ranbaxy has to sell six products and Sun Pharma needs to divest one to address monopoly concerns.Read more >>

Reliance Foundation interested in an investment deal with SevenHills HealthcareReliance has signed a non-disclosure agreement with Dr. Jitendra Das Maganti and JP Morgan, who together own SevenHills Healthcare, which is valued at INR 20 billion. Read more >>

Indian health ministry plans to release draft of new healthcare policy in Jan 2015The much-anticipated draft aims to make healthcare far more affordable and accessible to patients across all the spectra of the society. It gives special focus to health insurance and universal health coverage. Read more >>

India to cut healthcare budget by 20% in FY 2016India has fewer doctors, hospitals and other health infrastructure compared to any of the BRICS nations, along with the lowest public-health spending. India, which is already the poorest among these countries, forces its people to spend a greater percentage of their incomes on private healthcare than any other BRICS nation. Read more >>

International medical conference marks collaboration between doctors from India and UK to study tropical diseasesThe conference, organized by Cardiologists and Diabetologists (CAD), has been brought to Nagpur by Spandan Heart Institute and London's Royal College of Physicians (RCP). It is here that the college and CAD will also start their joint efforts in improving India's healthcare scenario. Read more >>